Common use of Accruals and Maximum Accruals Clause in Contracts

Accruals and Maximum Accruals. Vacation benefits shall be calculated on a direct proportion basis to the time actually employed and without regard to the calendar year. Benefits may be cumulative up to and including fifty (50) days. Accrued benefits in excess of fifty (50) days as of December 31st of each year shall not be recorded and shall be considered lost. Employees can carry more than fifty (50) days at any other time of year. Employees separating from City service shall at the Employer’s option be eligible to use up to fifty (50) days of accrued vacation at the end of their employment or be paid a lump sum payment for up to fifty (50) days of accrued vacation. The lump sum payment shall be based on the actual number of vacation days through the month in which separation occurs at the appropriately calculated rate of pay, the employee received in the last position to which they had been certified. Employees who separate and have used vacation days exceeding their prorated accrual shall repay the value of the excess vacation used.

Accruals and Maximum Accruals. Vacation benefits shall be calculated on a direct proportion basis to the time actually employed and without regard to the calendar year. Benefits may be cumulative up to and including fifty (50) days. Accrued benefits in excess of fifty (50) days as of December 31st of each year shall not be recorded and shall be considered lost. Employees can carry more than fifty (50) days at any other time of year. Employees separating from City service shall at the Employer’s option be eligible to use up to fifty (50) days of accrued vacation at the end of their employment or be paid a lump sum payment for up to fifty (50) days of accrued vacation. The lump sum payment shall be based on the actual number of vacation days through the month in which separation occurs at the appropriately calculated rate of pay, the employee received in the last position to which they he/she had been certified. Employees who separate and have used vacation days exceeding their prorated accrual shall repay the value of the excess vacation used.